Analysts expect that Urstadt Biddle Properties Inc. (NYSE:UBA) will post $32.66 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Urstadt Biddle Properties’ earnings, with the lowest sales estimate coming in at $31.95 million and the highest estimate coming in at $33.14 million. Urstadt Biddle Properties posted sales of $29.99 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is scheduled to issue its next earnings report on Thursday, June 14th.
On average, analysts expect that Urstadt Biddle Properties will report full-year sales of $131.11 million for the current financial year, with estimates ranging from $129.20 million to $133.06 million. For the next financial year, analysts forecast that the company will report sales of $133.71 million per share, with estimates ranging from $130.58 million to $136.57 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Urstadt Biddle Properties.
Urstadt Biddle Properties (NYSE:UBA) last posted its quarterly earnings data on Friday, March 9th. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.20). The firm had revenue of $33.00 million for the quarter, compared to the consensus estimate of $32.40 million. Urstadt Biddle Properties had a net margin of 42.41% and a return on equity of 13.40%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC purchased a new position in Urstadt Biddle Properties in the 4th quarter worth approximately $130,000. Tower Research Capital LLC TRC raised its holdings in Urstadt Biddle Properties by 136.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,040 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 3,482 shares during the last quarter. Advisor Group Inc. raised its holdings in Urstadt Biddle Properties by 88.0% in the 4th quarter. Advisor Group Inc. now owns 6,128 shares of the real estate investment trust’s stock worth $134,000 after acquiring an additional 2,868 shares during the last quarter. SG Americas Securities LLC purchased a new position in Urstadt Biddle Properties in the 3rd quarter worth approximately $183,000. Finally, Janney Montgomery Scott LLC purchased a new position in Urstadt Biddle Properties in the 3rd quarter worth approximately $202,000. Institutional investors own 61.36% of the company’s stock.
Urstadt Biddle Properties stock traded down $0.11 during trading hours on Friday, hitting $19.40. 85,507 shares of the stock traded hands, compared to its average volume of 94,461. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.49 and a current ratio of 4.49. The stock has a market cap of $746.29, a price-to-earnings ratio of 16.97, a PEG ratio of 1.79 and a beta of 0.38. Urstadt Biddle Properties has a one year low of $17.20 and a one year high of $23.94.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Monday, April 2nd were issued a $0.27 dividend. The ex-dividend date was Thursday, March 29th. This represents a $1.08 dividend on an annualized basis and a yield of 5.57%. Urstadt Biddle Properties’s payout ratio is currently 93.91%.
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About Urstadt Biddle Properties
Urstadt Biddle Properties Inc is a self-administered equity real estate investment trust which owns or has equity interests in 82 properties containing approximately 5.1 million square feet of space. Listed on the New York Stock Exchange since 1970, it provides investors with a means of participating in ownership of income-producing properties.
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